Ohio man accused of stealing $15M in groceries from Missouri chain and sabotaging stores
ST. LOUIS, MO – A grocery store owner from Ohio has been indicted and arrested for allegedly defrauding a Missouri-based supermarket chain out of more than $15 million in inventory, then sabotaging…
Supermarket chain Wegmans settles with New York over data breach
By Jonathan Stempel NEW YORK – The supermarket chain Wegmans agreed to pay $400,000 and upgrade its security practices over a data breach that exposed personal information of more than 3 million…
Analysts forecast U.S. vehicle shortages as supply chain woes persist
(Reuters) – Cox Automotive on Tuesday lowered its U.S. auto sales forecast for 2022, as analysts at both Cox and Carmax-owned Edmunds.com said continued supply chain disruptions will leave dealers short of…
UK green supply chain startup Circulor raises $25mln for US expansion
By Nick Carey LONDON – UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had raised $25 million to…
Revlon files for bankruptcy, blames supply chain snags
By Praveen Paramasivam, Maria Ponnezhath and Dietrich Knauth (Reuters) -Cosmetics maker Revlon Inc has filed for bankruptcy, falling victim to global supply chain disruptions that pushed up raw material costs and prompted…
Fisker says it is nearing end of supply chain crisis
(Reuters) – Electric-vehicle maker Fisker Inc is seeing a “sort of end” to its supply chain crisis, Chief Executive Henrik Fisker said on Tuesday, mitigating some concerns for automakers grappling with a…
Airbus deliveries fell 6% in May amid supply chain pressure
PARIS – Airbus confirmed on Wednesday it delivered 6% fewer airplanes in May, compared to the same month last year, as the aerospace industry wrestles with tight supply chains. It delivered 47…
H&M, Lululemon back $250 million Fashion Climate Fund to decarbonise supply chain
By Simon Jessop LONDON – Lululemon Athletica Inc and H&M Group are among backers of a $250 million fund aiming to speed up efforts to cut carbon emissions in the fashion industry’s…
Boeing paused 737 production in May due to supply chain issues – WSJ
(Reuters) – Boeing Co had paused production of its 737 MAX for about 10 days last month due to supply chain snarls, the Wall Street Journal reported on Friday, citing people familiar…
Two Women Assaulted with Bike Chain by Shoplifter in Manhattan Duane Reade Store
NEW YORK, NY – A shoplifter in a Manhattan Duane Reade store attacked a 60-year-old woman and a 42 -year-old woman with a bike chain. Police said the incident happened on Monday…
China lockdowns impeding supply chain recovery, slowdown risks spillovers, Yellen says
BONN, Germany -U.S. Treasury Secretary Janet Yellen said on Wednesday that COVID-19 lockdowns in China appear to be impeding the flow of goods and hampering global supply chains and a broader slowdown…
This Regional Pizza Chain Is Coming to Brick This Summer
BRICK TOWNSHIP, NJ – When you think of the Jersey Shore, the last thing you think about is how it needs more pizzerias, but this summer, a new pizza brand coming to…
Chile’s Cencosud buys Brazilian supermarket chain for $100 million
SANTIAGO – Chilean retailer Cencosud said on Friday it had signed a deal worth around $100 million to acquire Brazilian supermarket chain GIGA. GIGA, founded in 2009, has 10 shops in Sao…
British convenience chain McColl’s collapses
(Reuters) – British convenience store chain McColl’s said on Friday it had been placed under administration of accounting and consulting firm PriceWaterhouseCoopers, as it failed to get short-term funding from lenders to…
Canada in ‘active discussions’ with EV supply chain companies – minister
By Steve Scherer OTTAWA – Canada is talking to a number of companies interested in setting up production in the electric vehicle (EV) supply chain, the industry minister said, as the government…
‘The Supply Chain Does Not Exist’: Green Energy Industry Is In For A Rude Awakening
‘The Supply Chain Does Not Exist’: Green Energy Industry Is In For A Rude Awakening Thomas Catenacci on May 1, 2022 Wind and solar companies have reported massive profit declines over the…
FURCHTGOTT-ROTH: It’s Time To Fix Our China Supply Chain — Before It’s Too Late
FURCHTGOTT-ROTH: It’s Time To Fix Our China Supply Chain — Before It’s Too Late Diana Furchtgott-Roth on April 28, 2022 As if exports of COVID-19 were not enough, China is now exporting…
U.S. solar industry warns of slowdown due to supply chain disruptions, tariff uncertainty
(Reuters) – The U.S. solar industry is warning of a big slowdown in project installations this year as global supply chain disruptions and the threat of new U.S. tariffs on panel imports…
Factbox-What is the chain of command for a potential Russian nuclear strike?
(Reuters) – President Vladimir Putin has once again promoted Russia’s nuclear might against the backdrop of the Ukraine conflict, saying on Wednesday that a new ballistic missile system should make Moscow’s enemies…
Volkswagen focuses on regions to reduce supply chain vulnerability
BERLIN – Volkswagen said on Tuesday that a new growth plan would aim to reduce its vulnerability to the effects of global conflicts, such as supply chain disruption and rising prices, by…
‘Strain On The Supply Chain’: Truckers Are Livid Over Texas Gov. Abbott’s Border Security Measures
‘Strain On The Supply Chain’: Truckers Are Livid Over Texas Gov. Abbott’s Border Security Measures Jennie Taer on April 13, 2022 Texas Gov. Greg Abbott’s efforts to prepare for a possible surge…
Warrant Issued for Suspect in Newark Chain Attack
NEWARK, NJ – A warrant has been issued for the arrest of a Newark man, Edwin F. Pabon-Saldana, 44, of Newark, wanted for an aggravated assault that occurred on Thursday, March 31st.…
California Is Single-Handedly Making The Supply Chain Crisis Even Worse
California Is Single-Handedly Making The Supply Chain Crisis Even Worse Harry Wilmerding on April 10, 2022 California introduced new regulations for the trucking industry that would worsen supply chain issues and hurt…
Car sales in India rise but automakers warn of supply chain disruptions
By Aditi Shah NEW DELHI – Carmakers in India reported a sharp rise in annual sales for the fiscal year 2022 on Friday, but warned of future risks from global supply chain…
Owner of Toms River Let’s Go Brandon Trump Store Says No Publicity is Bad Publicity
TOMS RIVER, NJ – When Gregory Dooner and Vincent Scuzzese opened their new business on Route 37 in Toms River, they knew some people in the community wouldn’t be happy about it.…
British fashion chain Ted Baker draws U.S. takeover interest
By Chris Peters -Sycamore Partners is in the early stage of making a possible cash offer for fashion retailer Ted Baker, the private equity firm said on Friday, in the latest sign…
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